The Housing Bubble

A tiny studio flat described as a “rabbit hutch” that was up for rent at £737 per month has been taken off the market after inspectors ruled it was too small to meet legal requirements.

The apartment, which consisted of a bed in a kitchen, gained notoriety because it was said to highlight the state of the rental market in London. It was snapped up in less than 16 hours, despite the apparently high price.

But inspectors were called in and imposed an order on Thursday preventing it from being rented out, Islington Borough council’s housing chief councillor James Murray said.

“The problem is that people are getting squeezed by high private rent prices and the lack of affordable housing, so you get landlords who are in a position to exploit people,” he said on Thursday evening. He added that, in his north London borough, the issue was was widespread.

http://www.theguardian.com/money/2014/jun/05/tiny-apartment-taken-off-the-market-by-islington-borough-council

We need smaller people.

The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK’s economic recovery.

It said rising property values could leave households more vulnerable to income and interest rate shocks.

It also called on the Bank of England to enact policy measures “early and gradually” to avoid a housing bubble.

http://www.bbc.co.uk/news/business-27731567

Shutting of gates after horse has bolted again.

A World War Two veteran who disappeared from his nursing home to attend the D-Day commemorations in France is on his way back to the UK.

Bernard Jordan, 89, left the home in Hove unannounced at 10:30 BST on Thursday and was reported missing to Sussex Police that evening.

Staff later discovered he had joined other veterans in France.

The former Royal Navy officer said he hoped his trip would not land him in trouble.

http://www.bbc.co.uk/news/uk-england-sussex-27735086

Nothing at all to do with housing or the economy, but reminds me so much of my dad.

Worthless housing… worthless worthless housing. It’s worth less and less with each passing day.

These 10 Corporations Control Almost Everything You Buy

Despite a wide array of brands to choose from, it all comes back to the big guys

by Ashley Lutz | Business Insider | June 6, 2014

A chart we found on Reddit.com (click the graphic above to see a larger version) shows that most products we buy are controlled by just a few companies. It’s called The Illusion of Choice.

Ever wonder why you can’t get a Coke at Taco Bell? It’s because Yum Brands was created as a spin-off of Pepsi — and has a lifetime contract with the soda maker.

Unilever produces everything from Dove soap to Klondike bars. Nestle has a big stake in L’Oreal, which features everything from cosmetics to Diesel designer jeans.

Despite a wide array of brands to choose from, it all comes back to the big guys.

http://www.infowars.com/these-10-corporations-control-almost-everything-you-buy/ - 70k -

buying a house will elevate your social status.

“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.

Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands. – Theodore Roosevelt

“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

Comment by the golden goon
2014-06-06 12:06:21

“Going Our Own Way”

Wait, I thought you guys were carrying the world on your shoulders…

All shrugged out?

Each of us can shrug to get rid of crony capitalism, draconian laws such as the “Patriot act,” armed paramilitary “peaceful” bureaucracy such as USFS. Just refuse to participate in the rigged game. Go on strike against the one party: neoconservative progressive party controlling the state capitals and Washington.

Can’t wait for obamacare to fully kick in…

———————-

VA head says (additional) 18 vets left off wait list have died
One News Now | June 6, 2014 | Associated Press

In a new revelation in the growing Veterans Affairs’ scandal, the organization’s acting head says that an additional 18 veterans whose names were kept off an official electronic VA appointment list have died.

“I will come personally and apologize to the survivors,” Gibson said Thursday.

Gibson’s remarks during a visit to Phoenix were the latest related to the scandal over long patient waits for care and falsified records covering up the delays at VA hospitals and clinics nationwide.

The 18 veterans who died were among 1,700 veterans identified in a report last week by the VA’s inspector general as being “at risk of being lost or forgotten.” The investigation also found broad and deep-seated problems with delays in patient care and manipulation of waiting lists throughout the sprawling VA health care system, which provides medical care to about 9 million veterans and family members.

The good news: U.S. jobs are back to their level before the Great Recession began in 2008.

The bad news: The top job growth category is workers in the Health-care and social assistance field (2.15 million) and Accommodation and food services (941,000).

Aside from people in need of Affordable Care or a Happy Meal, what benefits do these new workers provide?

P.S. Case in point: My daughter (19) just landed her first job at the cash register for a local fast food Chinese restaurant.

What TRUE slavery is.

Being forced to join an organization as a condition of employment
Being forces to pay money to an organization as a condition of employment
Having that organization support and give money to political parties you disagree with and can do nothing about it.

And when you get the chance to escape this slavery…

This organization threatens you and sends debt collectors after you.

————————–

Union Still Chasing Thousands Not Paying Dues Or Fees
Capitol Confidential | 5/31/2014 | Tom Gantert

The Michigan Education Association could lose thousands of its members in August when the one-month window to leave the state’s largest teachers union begins.

Thousands of teachers already are withholding dues or fees from the union despite promises by the MEA that it will send debt collectors after those who don’t sign up for automatic dues withdrawal.

Patrick Wright, vice president of legal affairs for the Mackinac Center for Public Policy, said he thinks the MEA could lose as many as 10,000 members this year.

Michigan’s right-to-work law no longer makes the payment of union dues or fees mandatory as a condition of employment. When union contracts end, workers can decide if they want to belong to the union.

Here is a conjecture: Pushing stock and housing prices to bubble levels eliminates jobs in the stock sales (brokerage) and real estate sales (realty) industries, as once prices are pushed out of reach, there are no buyers.

More on this later…

Elections have consequences..

Ignoring the rule of law has consequences…

The lust for power has consequences…

—————-

Rumors of asylum raise hopes for migrant families
San Antonio Express-News | June 7, 2014 | BY CHRISTOPHER SHERMAN

REYNOSA, Mexico — The 27-year-old Honduran woman is desperate to know if the rumor is true: that she’ll be allowed to stay in the United States because she is traveling with her 2-year-old daughter.

At a shelter for migrants across the border from McAllen, Texas, Jennys Aguilar Cardenas and other women have heard about mothers being released with their babies, about children being reunited with relatives in the U.S.

Aguilar Cardenas, a single mother of four, tried to enter the U.S. alone last year. She barely made it over the Rio Grande before she was caught and sent back to Honduras. This time, she brought her young daughter, Keillin Mareli, on the 1,400-mile journey.

Sandra Calidono, said she’s also heard vague stories about the U.S. offering political asylum to children. “Almost all the families in Honduras are emigrating because they heard this talk,” she said, watching her 3-year-old daughter playing with a migrant boy even younger.

SECRETS OF THE FEDERAL RESERVE

The Rothschilds were wary of Germany’s ability to continue in the war, despite the financial chaos caused by their agents, the Warburgs, who were financing the Kaiser, and Paul Warburg’s brother, Max, who, as head of the German Secret Service, authorized Lenin’s train to pass through the lines and execute the Bolshevik Revolution in Russia. According to Under Secretary of the Navy, Franklin D. Roosevelt, America’s heavy industry had been preparing for war for a year. Both the Army and Navy Departments had been purchasing war supplies in large amounts since early in 1916. Cordell Hull remarks in his Memoirs:

“The conflict forced the further development of the income-tax principle. Aiming, as it did, at the one great untaxed source of revenue, the income-tax law had been enacted in the nick of time to meet the demands of the war. And the conflict also assisted the putting into effect of the Federal Reserve System, likewise in the nick of time.”70

One may ask, in the nick of time for whom? Certainly not for the American people, who had no need for “mobilization of credit” for a European war, or to enact an income tax to finance a war. Hull’s statement affords a rare glimpse into the machinations of our “public servants”.

The Notes of the Journal of Political Economy, October, 1917, state:

“The effect of the war upon the business of the Federal Reserve Banks has required an immense development of the staffs of these banks, with a corresponding increase in expenses. Without, of
course, being able to anticipate so early and extensive a demand for their services in this connection, the framers of the Federal Reserve Act had provided that the Federal Reserve Banks should act as fiscal agents of the Government.”

The bankers had been waiting since 1887 for the United States to enact a central bank plan so that they could finance a European war among the nations whom they had already bankrupted with armament and “defense” programs. The most demanding function of the central bank mechanism is war finance.

On October 13, 1917, Woodrow Wilson made a major address, stating:

“It is manifestly imperative that there should be a complete mobilization of the banking reserves of the United States. The burden and the privilege (of the Allied loans) must be shared by every banking institution in the country. I believe that cooperation on the part of the banks is a patriotic duty at this time, and that membership in the Federal Reserve System is a distinct and
significant evidence of patriotism.”

http://www.theforbiddenknowledge.com/hardtruth/federal_reserve_secrets3.htm - 174k -

Auntie Fed posted yesterday that inventory in PHX was declining again. I must have missed the source/reference for this. Anyone know what it was?

Laguna Beach is a place I hardly ever go to, even though it’s nearby. But one of my sisters and I was there just to dip our toes into the water. Checking on the house prices of ocean views, some of them are around where my current net worth is. So it was an interesting exercise to see how much those same houses were worth ten years ago versus my net worth back then. Once again. my mobility and my renting small allowed me excess money to gain 300% in my assets over the last ten years versus 100% on Laguna Beach houses. So ten years ago I would not afford any monthly payment on a Laguna Beach house, ocean view. But dollar cost averaging into stock funds and diversifying into precious metals and bonds was a very wise decision to lead me to the point that yes, I can tie up all my net worth into a house in paradise now.

Staying mobile, dollar cost averaging into mostly stock funds, and renting as long as possible is the fastest track to wealth. Home ownership is a wealth destroyer in much of the USA.

“A ‘housing recovery’ is falling housing prices to dramatically lower and more affordable levels by definition.”

Considering housing prices were never allowed to correct to the long term price trend, it appears housing hasn’t recovered. Nor will it recover…… until prices fall to dramatically lower and more affordable levels.

I’ll ride by here in 10-15 min. White bike, black saddle bags, Maroon T-shirt. I’ll wave!

http://www.vejoaovivo.com.br/rj/rio-de-janeiro/rua-bolivar-42-copacabana.html

Line up for your dose junkies….

http://farm8.staticflickr.com/7150/6598216937_8b6002895a.jpg

You just couldn’t say no and got hooked. You can’t say no today.

^Think about that in terms of housing. Go ahead. Think about it.

The actors are getting worse, much worse.

These latest actors were the worstest yet.

Do We Owe Our Soul to the Bankers?

Today we owe our soul to the Federal Reserve system

by The Lone Star Watchdog | June 7, 2014

I will start with the slave rebellion. It was Nat Turner who led the slave rebellion in Virginia. Why did he lead a slave rebellion. He and his fellow slaves were tired of living under the rule of a master getting wealthy off the backs of his labor living life as a serf in that day. These slaves wanted to be free. A gift from God. Even though the slave rebellion was put down. The fight for freedom is an ongoing war between the people who want to be free and the tyrants who seek to rule and dominate.

Now today it is not blacks slaves fighting for freedom. It is humanity as a whole fighting for the their own soul to pursue happiness. The Bankers have devised a system to deprive the people of their earnings and wealth. The analogy is an old song “I owe my soul to the company store” talking about another form of enslavement where miners worked for a greedy mining company or factory. One of the terms of employment was to pay rent for housing owned by the business and buy all his goods at the company store at highway robbery prices.

This form of bondage is debt slavery. The rent was high and the prices at the company store were very expensive. The workers had to go into debt just to survive. Compound interest made it impossible for the workers to get out of debt. The workers could not break free because the low wages, high rent and buying from the company store that was very expensive to buy from. This bondage was next to impossible to break free from because of the agreement he made with the company as a condition of employment had themn trapped in a vicious system of financial bondage. They owed their soul to the company store.

Today we owe our soul to the Federal Reserve system. At least they think they own our souls. Well they do not. We been deceived into accepting Federal Reserve notes as a means of exchange for goods and services paying usury that is mathematically impossible to pay.

Lets face it. We pay our cars off when we finance it paying double or triple the price of the value of the vehicle when the Principe, and interest are paid in full.

When we take out a mortgage out on a house. We will pay three times the houses value mostly in interest more than the principle.

Credit card companies make much profit off interest more than principle when people make the minimum payment.

Do we owe our soul to the Federal Reserve Banking system? Yes we do in many ways we are. We have to use the Federal Reserve Note to pay for food. fuel, rent. Even though one dollar used we have to pay interest back just for using the dollar. A debt based currency with interest payed for just being in circulation.

I am ready to break free from this debt slave currency of the Federal Reserve Bank. Are you? Or will you work all your life to pay off the company store?

Susan Rice Admits U.S. Giving Arms to Al-Qaeda in Syria

Weapons are routinely transferred from “moderates” to al-Qaeda affiliates

by Kurt Nimmo | Infowars.com | June 7, 2014

Evidence moderate mercenaries transfer U.S. weapons to al-Qaeda and al-Nusra in Syria. Photo: Freedom House

Last week Obama took to his teleprompter to tell the American people the United States will provide lethal aid to “moderate” mercenaries fighting in Syria to overthrow the al-Assad government.
Obama’s declaration was nothing new. In September, the mercenaries said they were receiving weapons from the United States. Obama had promised the arms a few months earlier but the media insisted “U.S. officials are still grappling with what type and how much weaponry to send the opposition forces and how to ensure it stays out of the hands of extremists battling for control of Syria,” the Associated Press reported.

In September IHS Jane’s, a defense consultancy, estimated “there are around 10,000 jihadists — who would include foreign fighters — fighting for powerful factions linked to al-Qaeda.”

Around “30,000 to 35,000… hardline Islamists… focused purely on the Syrian war rather than a wider international struggle” are participating in the proxy war while “at least a further 30,000 moderates belonging to groups that have an Islamic character, meaning only a small minority of the rebels are linked to secular or purely nationalist groups” are involved in the fighting, The Telegraph reported.

“The moderates, often underfunded, fragmented and chaotic, appear no match for Islamist units, which include fighters from organizations designated ‘terrorist’ by the United States,” Reuters reported last June.

Rice makes remarks about Syria 4 minutes 30 seconds into interview.

On Friday, Obama’s top foreign policy advisor, Susan Rice, said this miniscule contingent of “moderate” mercenaries are now receiving weapons from the United States. Rice claimed she is “heartbroken” about the destruction of Syria – destruction that is a direct result of the effort by the U.S., Saudi Arabia, Qatar and Turkey to oust al-Assad and defeat the Syrian Army.

“That’s why the United States has ramped up its support for the moderate vetted opposition, providing lethal and non-lethal support where we can to support both the civilian opposition and the military opposition,” she told CNN.

Despite Rice’s admission, the Obama administration has remained vague about lethal assistance. “We’re not in a position to detail all of our assistance, but as we’ve made clear, we provide both military and non-military assistance to the opposition,” National Security Council spokeswoman Caitlin Hayden said after Rice’s remarks made while she was traveling with Obama to D-Day 70th anniversary celebrations in Normandy.

In April we reported on the fact the U.S. provides weapons to al-Nusra and other terrorists groups in Syria by way of its allegedly vetted “moderate” mercenaries. Jamal Maarouf, who runs the Syrian Revolutionary Front (SRF) created by the CIA and Saudi and Qatari intelligence, said if “the people who support us [U.S., Saudis, Qataris] tell us to send weapons to another group, we send them. They asked us a month ago to send weapons to Yabroud [a city in Syria] so we sent a lot of weapons there. When they asked us to do this, we do it.”

According to Barak Barfi, a research fellow for the globalist funded New America Foundation, al-Nusra, the al-Qaeda-linked group known for summarily executing Syrian soldiers and other atrocities (including beheading Christians), receives weapons indirectly from SRF.

Investigative journalist Seymour Hersh reported on April 17 that for “months there had been acute concern among senior military leaders and the intelligence community about the role in the war of Syria’s neighbors, especially Turkey. Prime Minister Recep Erdoğan was known to be supporting the al-Nusra Front, a jihadist faction among the rebel opposition, as well as other Islamist rebel groups.”

The remarks by Susan Rice are yet another indication the Obama administration is arming the only viable fighting force inside Syria – al-Nusra and other al-Qaeda affiliates. The U.S. may indeed send weapons to “moderates,” but the large number of defections from the Free Syria Army to the ranks Islamist rebel groups underscores the fact a transfer occurs.

In fact, if we can believe Jamal Maarouf, the U.S. and its Saudi and Qatari partners are instructing the moderates to transfer weapons, including man-portable air defense systems, to al-Qaeda and other groups who are the sworn enemies of the United States and the West.

Secret European Cash Limits in Place

by Mark Kempton | June 8, 2014

Some of you might remember the recent scandal where #HSBC tried to impose cash withdraw limits on their accounts:

http://www.bbc.com/news/business-25861717

Well it turns out that was just a trial balloon, to see how the public might react to withdraw limits being public knowledge. Limits that are already in place!

Let me tell you what my sources are telling me.

They have tried to withdraw large amounts in cash from a bank. They were told quite categorically “No, you cannot have this amount in cash”. They then asked if they could make an appointment to receive the amount in cash and were told “No”.

Just an awkward bank clerk right?

They then proceeded to transfer the balance to another bank, and tried to make the same withdraw. They received exactly the same response “No, No, No, No, you can’t have your money”.

So what’s going on?

The #European Union is fearful of a systemic bank run taking place. After all, they have already seen bank runs in Cyprus (a successful testing ground) and other peripheral countries. Such a bank run would overwhelm even the European Central Bank.

But their steps to prevent this have been interesting to say the least…… They simply won’t allow a bank run – it’s against the rules!

What rules you say? Well, these vary from bank to bank and I’ve assembled them from a few different sources, but here they are:

- A depositor can only withdraw ~10% of their balance in large-scale cash per year.
- These limits do not apply to small one-time incidents such as ~5000 euros.
- All large cash withdraws must have a “valid” reason given. Hint: “I don’t trust my bank”, is not a valid reason.
- Daily cash machine limits are exempt.

Since the majority of cash withdraws are not large, these rules go unnoticed. But if they see an excessive/unusual amount of small daily withdraws taking place they can easily tighten these limits – all the procedures are in place.

So what are the implications of this?

Quite simple really. There won’t be a bank run in #Europe – because it’s no longer allowed. Just like a toddler, you will NOT be allowed to play with matches!!

So given the system is tearing itself apart at the seams, we’d better start looking for the weaker stitching somewhere else!

As to whether this system is in place in the #US yet I cannot say. If it isn’t yet it soon will be.

J-J-J-Joe says….. Realtors Are Liars.